Respuesta :
Answer:
Cost of living adjusted income = $59904 + (152%-136%)*$59904
= $59904 + 16%*59904
= $59904 +$9584.64
= $69488.64
Explanation:
Cost of living adjusted income is an increase in income that is exactly equal to the increase in CPI so to help a consumer to be able to purchase products and maintain cost of living.
Answer:
The cost of living adjusted income is $52859.29
Explanation:
The cost of living adjusted income is the salary adjusted for inflation rate.
The level of inflation is denoted by
(Current CPI-Base CPI)/Base CPI
(152-136)/136=11.76% reduction in salary in actual terms
Cost of living Adjusted Income=current salary-(current salary*inflation rate)
Cost of living adjusted income=$59904-($59904*11.76%)
Cost of living adjusted income=$52,859.29
Inflation brings about a situation where the purchasing power is reduced as the same amount of company commands less of an output
Finally, inflation is when too much money chases too few goods
